Economics
Grade 2 Social Studies · Newfoundland and Labrador, Canada
Understand how people earn, spend, and save money.
Lessons
Goods and Services
Goods are things you can buy and hold. Services are jobs people do for you.
Producers and Consumers
Producers make or sell goods and services. Consumers are people who buy and use them.
Earning Money
People earn money by working at jobs. Different jobs pay different amounts.
Spending and Saving
Spending is using money to buy things. Saving is keeping money to use later.
Supply and Demand
Supply is how much of something is available. Demand is how much people want it.
People Also Ask
What topics are in Economics for Grade 2 Social Studies?+
The Economics chapter covers multiple lessons aligned to the Newfoundland and Labrador curriculum. Browse all lessons below to see the full topic list.
Is Economics part of the Newfoundland and Labrador curriculum?+
Yes, Economics is part of the official Grade 2 Social Studies curriculum in Newfoundland and Labrador, Canada.